2020-12-31-accounts

2020

Trustees Annual Report and Financial Report

The Ecclesiastical Parish of Durrington in the Diocese of Chichester Charity Registration Number 1134809

Trustees Annual Report and Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of DURRINGTON

St Symphorian

St Symphorian’s Church, Durrington Hill, BN13 2PU

Registered Charity no.1134809

For the year ended 31st December 2020

CONTENTS

Page 1 Trustees annual report 1 Statement of financial activities 2 Balance sheet 3 Notes to the accounts 13 Report of the independent examiner

Website: www.stsymphorians.co.uk Incumbent: The Rev’d Robert Norbury The Vicarage, Bramble Lane, Worthing BN13 3JE Independent Andrew Carter ACMA examiner: Financial Director, CKC Controls Ltd Bankers: Charity Aid Foundation (CAF) Bank Churches, Charities and Local Authorities (CCLA) Lloyds Bank PLC

St Symphorian’s Church, Durrington Trustees Annual Re ort for 2020 p

Our aims and purposes as a charity

Durrington Parochial Church Council (PCC) has the responsibility of cooperating with the Vicar, Fr Ben Eadon (until March) and Fr Robert Norbury (from September), in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.

The PCC is also specifically responsible for the maintenance of St Symphorian’s Church and the Parish Centre.

We are also responsible for the maintenance and letting of our property in Vancouver Close, currently occupied by our curate.

What we planned to do to achieve our charitable objectives

When planning our activities for the year, the PCC considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on ‘charities for the advancement of religion’.

The council has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

For 2020 we discussed and planned the following objectives and activities to fulfil our aims:

• Enabling as many people as possible to worship at our church

• Enabling as many people as possible to become part of our parish community

• Teaching, baptising and nurturing new and existing believers

• Maintaining an overview of worship throughout the parish

• Considering how services can involve the many groups that live within the parish

• Putting faith into practice, through prayer and scripture, music and sacrament

• Offering worship and prayer, learning about the Gospel, in small group situations

• Promoting the gospel and assisting people from all walks of life to find life in Jesus Christ

• Providing pastoral care for people living in the parish

• Providing assistance to the poor and needy of the parish

• Giving in accordance with our charitable objectives

• Reaching out to the wider community through social events and activities

• Maintaining the fabric of the church and the Parish Centre as a place of worship and for the community to enjoy.

What we achieved and how we affected beneficiaries’ lives

Attendance at worship

The Coronavirus pandemic had a signifcant impact on the life of St Symphorian’s in 2020 as the lockdown in March brought the closure of the church for public worship. The response at St Symphorian’s was like many other churches of our tradition, in that the clergy continued to say mass privately for the people, while also looking at creative ways to worship on-line; the Curate’s living room became an oratory from where mass, including our Holy Week and Easter services were live-streamed via YouTube and Facebook.

In the weeks prior to lockdown the average attendance at mass was 69. On re opening in july, average attendance had dropped to 43 although the weekly number attending had started to increase from a low of 26 to 61. then the second loockdown. finally after reopening again the average rose to 56.

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Live streaming services provided the opportunity for people to join in with worship and are continuing to do so. Many of the congregation were able to watch the services but we are unable to ascertain the numbers of people viewing.

In January we passed the Resolution of the House of Bishops. Bishops (The House of Bishops made the Regulations under Canon C 29 on 17 November 2014.)

It was announced in February that Fr Ben Eadon had been asked by the Bishop to become Vicar of St Bartholomew’s, Brighton and in June it was announced that Fr Robert Norbury had been appointed to succeed him at St Symphorian’s. The gradual easing of restrictions over the summer allowed for Fr Robert’s Induction to take place in early September and for Fr Ben to return to preach and say goodbye at the Parish Mass in November. Both were well attended, with the church full to the maximum allowed of 65 people.

By November, a degree of normality had returned to our Sunday worship, with a small group valiantly singing the hymns and servers once again assisting the clergy at the altar and a Sunday congregation of between 40-55 people.

Christmas is a very special time of celebration where many sections of the community usually come together to join in the services. This year our services were of necessity scaled back. We were unable to hold carol services and on Christmas Eve, the normally popular Crib Service was replaced by a walk through ‘Journey to the Crib’ with about 36 adults and children visiting the church over two hours. Midnight Mass and Christmas Day Mass were celebrated but with relatively small combinded congregations of 72 people.

Teaching, baptising and nurturing new and existing believers

When I moved to this area I was In 2020 there was 1 wedding; 7 funerals conducted for parishioners and 1 baptism. welcomed and made to feel at home. My church family means a great deal Nurture courses run in 2020 included the Lent Course, which went on- to me. PH.

Nurture courses run in 2020 included the Lent Course, which went online mid-way due to the pandemic.

Evangelism and outreach

Due to the pandemic lockdown all our planned events for the year had to be cancelled.

To maintain links a telephone rota was set in place so that parishioners and others were kept in contact particularly those who did not have email or access to YouTube. A weekly emailed “news sheet” was started to inform and keep people up to date with prayer, and news.

Working together with St Andrew’s, West Tarring and St Richard’s, Maybridge it was possible to have live streamed Sunday mass and to include the readings, pre-recorded, by members of each parish.

It was a joyous occasion when the church re opened for worship in July, and as we were then in an interregnum, we were fortunate to have the services of two assistant retired priests who could give support to our Curate who organised the reopening and ensured that the church was covid safe.

Our Mission Action Plan will have to be revisited and possibly redeveloped taking into account the limits that have been forced on us and may carry on into the future.

We have continued to produce the monthly parish magazine and endeavour to let as many people as possible have copies.

Provision of the church buildings for people to enjoy

Being available for lettings, the Parish Centre was used as normal by both our organised church groups, Book Club, You Group, Knit & Chat and Pram & Toddler Group and coffee morning, together with the regular outside hirers.

It is good to see people from the wider community being able to enjoy themselves and be involved in activities and entertainment which is inexpensive or free. Such groups also provide an opportunity to get to know other members of the community and, for some, help to combat issues such as loneliness.

Lockdown put an end to all our lettings and meetings and consequently our income stopped.

In addition to the hall, the church has also been used for social gatherings, quizzes, and concerts bringing in others who would never dream of coming into a church and finding that it is normal and welcoming.

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T R U S T E E S A N N U A L R E P O R T

Spatial reordering of the church building and future projects

We were able to have a number of outstanding items required under the quinquennial completed. Repairs were carried out on the north carpark access. Window guards were replaced and stained-glass windows repaired, guttering repaired and painted. Other maintenance was carried out as necessary. In order to deal with the damp, a specification for a French trench was prepared. Electrical work was also carried out.

The hall is in need of repairs and there is an outstanding plan to replace the roof and alterations which will help with access and provide a more flexible areas for use, but this has had to be put on hold till we are able to raise the needed finances.

Provision of pastoral care for people living in the parish

Until the lockdown in March, the clergy and lay ministers of communion were responsible for visits to the sick and housebound. Communion was regularly taken to the housebound and a monthly communion service held at the Heathers Care Home. An average of 12 people make use of these services on a monthly basis. During the pandemic new ways of offering pastoral and personal contact were needed, for example by a small group of people who regularly telephoned members of the congregation to see how people were coping and if any practical help was needed. The clergy continued to visit and take communion to the housebound as and when it was deemed necessary and safe to do so.

Provision of tangible support to the poor and needy

The Mission Fund for 2020 was sadly, much reduced due to the Covid situation. The Mission Fund money comes from 10% of social and fundraising activity during the year. These activities would usually include the social and fundraising events as well as Pram and Toddler, You Group, Coffee and Fun, Book Club and Sunday Morning Coffee. Sadly, as you are aware, most of these events didn’t take place during 2020. However, we were able to donate £177 and it was decided that St Barnabas House would be the chosen charity

Other charitable giving

During the year £2,095 was raised for the Uganda Imara Education Appeal. The church family has supported many other mission and charitable societies, amounting to £1,683, including the British Legion, The Pines, Children’s Society, St Barnabas House, Turning Tides and Christian Aid.

Your support means that local adults with terminal illnesses and their loved ones can live life as fully as possible, for the time they have left together. St Barnabas House

Financial Review

Incoming and outgoing resources

Total receipts on general unrestricted funds received were £64,652 and are detailed in the Financial Report.

The planned giving though envelopes and banker’s orders increased by 8% and it was good to see the use of Gift Aid through the Parish Giving Scheme. Our total voluntary income including tax recovered, but excluding legacies increased by 2%.

Sharing the ministry costs of the Diocese of Chichester

The largest expenditure of the PCC was the sum of £37,992 paid to the diocese for our share of all churches’ Parish Ministry Costs. This year the contribution from Durrington PCC decreased by 17% on the previous year and the church is meeting 51% of the costs allocated to this church compared with 64% paid last year.

The total relates directly to the housing, support, stipend and pension costs of the clergy of this parish, training of new ordinands, a contribution to national church funds and, shared costs of the Christian family throughout the whole diocese, including assistance towards the upkeep of churches less able to manage than ourselves.

Staff costs

The PCC pays for a Parish Administrator and an organist as well as a verger for weddings and funerals. Further details are provided in the notes to the accounts.

Trustee payments and expenses

The PCC also supported the clergy by paying Council Tax of £2,866, Water and environmental charges amounting to £588 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £1,193.

Mrs Paule Harper, who is also a trustee, received £25 for her duties as Verger.

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T R U S T E E S A N N U A L R E P O R T

Reverend Ben Eadon, as a trustee, received refund of expenses amounting to £1,282, broken down between travel £137; hospitality and gifts £182; postage and stationery £219, telephone bills £338 and sundry purchases £405. Three other trustees received £1,155 for purchases made on behalf of the PCC.

One person related to a trustee received a payment totalling £70 for purchasing Christmas Trees on behalf of the PCC. There were no payments to persons related to or connected to, the trustees.

Repairs to the fabric of the church buildings

In accordance with the trust deed of the Sharp Fund, the PCC has used the investment from the capital investment to improve the church building. During 2020, the interest was used to repair two stained glass windows; the windows of St John in the Nave and St Philip in the Baptistry, as well as replace a number of the window guards around the outside of the building. The wooden fence along the north side of the car park has also been replaced. Funds have also been used to pay for the insurance of the building, tune the organ and service the boiler. A few minor projects have also been undertaken in accordance with the quinquennial report.

The condition of the north wall of the Nave as well as the walls of the Lady Chapel and Baptistry continue to be of concern. The damp is deteriorating the walls which are crumbling. As the roof was replaced in 2015, attention is now directed to the release of water from the walls. To this end work on installing a French trench along these walls has started and work should be undertaken in early 2021.

The state of the Parish Centre also continues to be of concern and the lack of use of the facilities during 2020 due to the Covid pandemic, has increased the rate of decline for the facilities. These will be high on the agenda for the coming years. With this in mind, the PCC continues to put 20% of all fund-raising income aside for the improvements to the Parish Centre.

Why we hold some money in reserve

It is PCC policy to maintain a balance on the general unrestricted funds (excluding property) which equates to approximately two months’ worth of unrestricted payments as contingency against unforeseen situations. The closing balance of £11,489 this year did not achieve this, although we still expect to have sufficient cash flow to continue to pay bills when they fall due.

It is PCC policy to invest temporarily surplus general funds with the CAF Gold account, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills. This year £2,488 was invested temporarily at 31[st] December.

We are very pleased to say your donation was again extremely generous. It will all go to enabling our scholarship children to participate in the learning from home programmes and easing the financial hardship faced without income. Imara Uganda

As well as holding the above general reserves, from time to time the PCC receives restricted legacies for expenditure on restricted purposes, defined by the donor. We aim to expend such money as soon as possible after receiving the legacy, depending on the specific objectives of the donor. Where we have identified that the specific purpose can only be achieved by delaying the expenditure, we invest the legacy temporarily until the need for expenditure is identified.

Management of risks and their mitigation

The PCC has an ongoing task of reviewing the major risks which impact on the work of the church in the parish. The usual PAT testing and fire extinguisher checks have been carried out.

The PCC consider that the principal risks and uncertainties are:

• The health and safety around the church building, in particular the unauthorised access to the lower roofs and the old boiler house. There is potential for serious injury to anyone who access these areas without due care. These areas have been highlighted in the quinquennial report as needing attention.

• The need to fund unexpected costs associated with the Parish Centre due to its deteriorating condition.

• An unexpected fall in income, particularly given the dependence of the church on a limited number of major regular donors and the reduction in regular hall lettings and occasional hirers.

• The requirement to find volunteers with the appropriate skills, time and commitment to support the ministry of the congregation.

• Reliance upon the Diocese to continue to provide financial support whilst we work towards paying our full Parish Share for clergy ministry.

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The PCC seeks to manage these risks and uncertainties by regularly reviewing its Mission Action Plan and its plans for the use of the church buildings. We aim to maintain our properties to a high standard and carry out the priority items of a quinquennial review in a timely manner.

Stewardship is regularly highlighted to emphasise God's generosity to the congregation and encourage the congregation to respond to that generosity in their giving through time, talents and money, as they are able. We aim to diversify income from letting the hall and plan to manage more effectively hiring out the church building to external parties once the re-ordering takes place.

Future uncertainties

The deficit for the year is a concern but were grateful for the success of the 2019 stewardship campaign which ensured we are in a stronger position to meet regular commitments. It is important to check that as the day-to-day costs rise, the growth in income is sustained through renewed giving pledges, to strengthen our underlying financial position. This will enable further improvements to be made to the fabric of our Parish Centre, in addition to building up reserves to repay the Diocesan loan.

The incidence of COVID-19 and the subsequent lockdown necessitated closure of our church and the Parish Centre for much of the last nine months of our financial year. This resulted in a 69% decrease in incoming hiring fees and some cash giving. Fortunately, most parishioners saw the necessity of transferring to the Parish Giving Scheme and at this point in our year, we do not expect more than a 25% reduction in incoming resources, amounting to approximately £24,000, offset by savings of heating and power costs of much the same amount.

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Structure, governance and management of the charity

The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

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During the year the following served as members of the Parochial Church Council:

Ex Officio members

Incumbent: The Revd Ben Eadon (till May) The Revd Robert Norbury (from September) Chairman Curate: The Revd Ian Edgar Churchwardens: Mr Dave McPherson Mrs Paule Harper Vice Chairman Elected Members Mrs Jane Winter Treasurer Mrs Diana Smith PCC Secretary Mrs Viv McPherson Mr Peter McCallum Mrs Carole Brockhurst Mr Malcolm Brett Mrs Sue Boote (until March) Mr Mark Shepherd (until March) Mrs Priscilla Khumalo (until October) Mr Andrew Griffiths (from October) Deanery Synod Mrs Yvonne Austen Mrs Paule Harper (until October) Mrs Lynne Noble-Danischevsky (from October)

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest-in-charge, curate, lay readers licensed to officiate in the church), the churchwardens and members of the Deanery, Diocesan or General Synods and xx members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

This Trustees’ Annual Report was approved by the PCC and signed on their behalf by The Revd Robert Norbury, Chairman

………………………………………………………………………………

Date 2[nd] March 2021

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T R U S T E E S A N N U A L R E P O R T

Annual Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of

St Symphorian’s Church, Durrington

St Symphorian’s, Durrington Hill, Worthing BN13 2PU

Registered Charity no. 1134809

For the year ended 31st December 2020

CONTENTS

Page
1	Statement of financial activities
2	Balance sheet
3	Notes to the accounts
13	Report of the independent examiner

St Symphorian’s Church, Durrington registered charity number 1134809 Statement of Financial Activities

The financial effect of our activities during the year can be summarised as follows

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Endowed Fund/s	Endowed Fund/s	Total Funds 2020	Total Funds 2019 Notes
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other receipts	£ 41,735 1,430 21,954 52 202		£ 11,929 1,058 56 22,325 4,291		£ - - - - -	£ 53,664 2,488 22,010 22,377 4,493	.. 51,645 3,351 49,071 21,894 3,948
Total income	65,372		39,659		-	105,031	129,909 2
Expenditure on: Raising funds Charitable activities Other trading activities Other expenditure	38 60,760 11,983 -		- 40,364 4,009 -		- - - -	- 38 101,124 15,992 -	- 73 94,207 19,859 -
Total expenditure	72,780		44,373		-	117,153	114,139 3
Net gains (or losses) on investments	-		-		41,755	41,755	100,503 8
Net income or (net expenditure)	(7,408)		(4,714)		41,755	29,633	115,960
Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Other gains/(losses) Reconciliation of funds:	200		(200)		-	-	- 10
	(7,208) - -		(4,914) - -		41,755 - -	29,633 - -	115,960 - 11 -
Net movement in funds	(7,208)		(4,914)		41,755	29,633	115,960
Total funds brought forward	255,354		35,361	749,743		1,040,459	924,499
Total funds carried forward	248,146		30,447	791,498		1,070,092	1,040,459

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Balance Sheet

Our financial position and summary of funds at the year end were

	Total Funds 2020	Total Funds 2019	Notes
Intangible assets Tangible assets Heritage assets Endowed investments	£ - 243,252 - 744,502	£ - 251,442 - 702,747
Total fixed assets	987,754	954,189	11
Stocks Debtors Investments Cash at bank and in hand	- (3,394) - 88,932	- (410) - 92,861	14
Total current assets	85,538	92,451
Creditors: Amounts falling due within one year	(1,600)	(2,980)	15
Net current assets or (liabilities)	83,938	89,471
Total assets less current liabilities Creditors: Amounts falling due after more than one year Provisions for liabilities	1,071,692 (1,600) -	1,043,659 (3,200) -	16
Total net assets or (liabilities)	1,070,092	1,040,459
The funds of the charity: Endowment funds Restricted income funds	791,498 30,447	749,743 35,361
Unrestricted funds Revaluation reserve	248,146	255,354
Total unrestricted funds	248,146	255,354
Total charity funds	1,070,092	1,040,459	18

This Financial Report for the year ended 31st December 2020, including the notes following, was approved by the PCC and signed on its behalf by The Revd Robert Norbury, PCC Chairman:

……………………………………….………………………..

Date: 2[nd] March 20201

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809

Notes to the Financial Report

1 Accounting policies

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accounting Regulations 2006, in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities, (SORP (FRS 102)).

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are informal gatherings of church members

Funds accounting

Funds held by the PCC are:

Unrestricted funds - general funds which can be used for PCC ordinary purposes

Designated funds - monies set aside by the PCC out of unrestricted funds for specific future purposes or projects

Restricted funds - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest; b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund

Endowment funds - funds for which the capital must be maintained; only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds, depending on the purpose set out in the terms of the original endowment

Income and endowments

All income and endowments, accounted for without deduction for any costs of receivability, are recognised when there is evidence of entitlement, receipt is probable, and the amount can be measured reliably

Donations and legacies

Collections are recognised when received.

Planned giving receivable is recognised when there is evidence of entitlement, receipt is probable, and the amount accords with the Gift Aid declaration or other record of intention to donate

Gift aid recovered is recognised when the income to which it is attached is recognised

Grants and legacies are recognised when the formal offer in writing of the funding, is received by the PCC

Charitable activities

Statutory fees for weddings and funerals are recognised when the office occurs

Other trading activities

Trading activities are where income is receivable in return for selling goods or providing services. Income from trading is recognised either: a - when received, or b - in the case of concerts: for the year in which the event occurs, irrespective of date of receipt. Advance bookings are included in creditors until the concert has taken place

Sales of magazines and study notes are recognised when received

Rents from property are recognised in accordance with the rental agreements, when receipt is probable

Investment income

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

All other income

All other income is recognised in accordance with the above overall policy

Gains and losses on investments

Realised gains are recognised when the investments are sold

Unrealised gains and losses are accounted for on revaluation at 31 December

Expenditure

Expenditure is recognised when there is evidence of entitlement, payment is probable, and the amount can be measured reliably

Grants

Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC

Church activities

The diocesan parish contribution is accounted for on an annual basis, reflecting the allocation set by our Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet

Fixed assets

Tangible fixed assets

Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 2011.

Movable church furnishing held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected but are not included in the financial statements. For other property acquired prior to 2007 there is insufficient cost information available and therefore the cost of such assets is stated at a nominal £1 in the financial statements

All expenditure on consecrated or beneficed buildings and individual items costing under £1,000 are written off in the year they were incurred

Depreciation

Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are:

Land	Nil
Buildings	Nil
Fixtures and fittings	20%
Audio visual equipment	33%
Office equipment	25%

No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years and residual values so high that potential depreciation would be immaterial. It is the PCC's policy to maintain these assets in a continual state of sound repair. Resulting from regular impairment reviews, provision will be made if there has been any permanent diminution in value

Investments

Investments are stated at market value at the balance sheet date

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown a debtors, less provision for amounts that may prove uncollectible

Short-term deposits include cash held on deposit either with the CBF Church of England Funds, or at the bank

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

2 Analysis of income and endowments

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2020	Total Funds 2019	Notes
Planned giving (excl. tax refunds) Planned giving (no tax refunds) Loose cash collections Social and Fundraising Other Special appeals Gift Aid recoverable Legacies Grants	£ 22,364 5,511 1,024 1,032 3,096 8,089 - 620		£ 255 115 4,621 919 6,019	£ 22,364 5,511 1,279 1,147 7,716 9,008 - 6,639	£ 20,153 5,518 5,293 2,521 7,026 7,716 - 3,850
Donations and legacies	£41,735	£11,929		£53,664	£52,077
Fees for weddings & funerals	1,430	1,058		2,488	4,001
Charitable activities	£1,430	£1,058		£2,488	£4,001
Social and Fundraising Events Rent from letting of Parish house Church centre hiring fees Café and Bar Sales Magazine advertisement fees	145 15,000 6,239 360 210	16 40		162 15,000 6,239 400 210	6,777 15,020 20,320 2,191 398
Other trading activities	£21,954	£56		£22,010	£44,706
Bank & CBF deposit interest CBF investment fund dividend	52 -	22,325 -		22,377 -	22,470 -
Investments	£52	£22,325		£22,377	£22,470
Other receipts	202	4,291		4,493	6,342
Total income and endowments on all funds	£65,372	£39,659		£105,031	£129,595	8

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington

registered charity number 1134089

Notes to the Financial Report

3 Analysis of expenditure

3 Analysis of expenditure
	Unrestricted Fund	Restricted Fund/s		Total Funds 2020	Total Funds 2019	Notes
Stewardship costs Other fundraising costs	£ 38 -		£	£ 38 -	£ 73 -
Cost of raising funds	£38		-	£38	£73
Charitable grants and donations Mission & Evangelism costs Diocesan parish share Clergy and other people's expenses Salaries and honoraria incl NI Church running costs Church maintenance and repair Upkeep of churchyard Miscellaneous Financing Bank charges Depreciation Governance	745 2,678 37,992 6,104 4,224 792 - - - - 60 8,190 -		3,033 3,275 1,170 3,660 4,380 24,821	3,778 5,953 37,992 7,274 7,884 5,172 24,821 60 8,190	6,708 12,223 46,000 6,113 8,095 6,075 2,162 350 60 6,420	4 8
Cost of charitable activities	£60,785	£40,339		£101,124	£94,207
Social and Fundraising costs Church hall running costs Parish magazine costs Other trading costs	159 6,445 - 5,378	18 570 3,421		177 7,015 - 8,800	3,630 10,002 - 6,227
Cost of other trading activities	£11,983	£4,009		£15,992	£19,859
Total expended on all funds	£72,805	£44,348		£117,153	£114,139

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809

Notes to the Financial Report

4 Missionary and charitable giving

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2020	Total Funds 2019	Notes
Overseas: Imara Uganda Education Fund Christian Aid Aid to the Church In Need Home: Turning Tides St Barnabas Hospice Children's Society British Legion The Pines St Andrew's High School for Boys Other Charitable Giving	£ 25 720	180	£ 2,095 24 302 177 130 25 100	£ 2,095 24 - - 302 177 130 50 180 - 820	£ 1,209 59 280 693 243 230 370 3,624

5 Staff costs

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Total Funds 2020	Total Funds 2019	Notes
Remuneration Wages and salaries Employer social security costs Employer pension costs	£ 4,224		£ 3,660	£ 7,884 -	£ 8,095
	4,224		3,660	7,884	8.095

6 Payments to PCC members

Mrs Paule Harper received £25 for her services as a verger.

Reverend Ben Eadon, as a trustee, received refund of expenses amounting to £1,282.

Other payments were made to PCC members in the year for reimbursement of expenses incurred on behalf of the PCC:

• a) Clergy support: Council tax £2,866, Water and environmental charges amounting to £588 for the Vicarage plus other annual costs towards travel, hospitality, telephone, postage and broadband amounting to £1,193.

b) 3 other trustees received £1,155 for purchases made on behalf of the PCC.

No person received remuneration in excess of £60,000.

7 Transactions with persons related to PCC members

A payment of £70 was made to a relative of a PCC member for Christmas Trees.

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St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

8 Transactions with related charities

There are no related charities to be the church.

9 Governance

9 Governance
	Unrestricted Funds		Restricted Fund/s		Total Funds 2020	Total Funds 2019	Notes
Independent examination Accounts production Bookkeeping		£		£	£ - - -	£
		-		-	-	-

10 Transfers between funds

10 Transfers between funds
	Unrestricted Funds		Restricted Fund/s		Total Funds 2020	Total Funds 2019	Notes
		£		£	£	£
		-		-	-	-

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St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

11 Fixed assets

a Investments

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Endowed Fund/s	Endowed Fund/s	Total Funds 2020	Notes
Market value 1 January 2020 Disposals at carrying value Purchases at cost Net gains and revaluation	£ - - - -		£ - - - -	£ 702,747 41,755		£ 702,747 - - 41,755
Market value 31 December 2020	-		-	£744,502		£744,502

The PCC hold the Sharp Investment which comprises of 40,723.24 units in a property investment and 33,767.38 in a saving investment. These investments are held by Chichester Diocese on our behalf.

b Tangible fixed assets

b Tangible fixed assets
		Freehold land and buildings		Church equipment		Office equipment	Total fixed assets		Notes
Cost or valuation At 1 January 2020 Additions Disposals Revaluation		£ 257,173		£ 5,521		£ 1,052	£ 263,746 - -
At 31 December 2020		257,173		5,521		1,052	263,746
Charge for impairment At 1 January 2020 Additions Disposals Revaluation		(7,265) (7,435) - -		(3,987) (755)		(1,052)	(12,304) (8,190) - -
At 31 December 2020		(14,700)		(4,742)		(1,052)	(20,494)
Net book amounts At 31 December 2020		242,473		779		-	243,252
At 31 December 2019		249,908		1,534		-	251,442

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St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

12 Fixed assets continued

The freehold land and buildings comprise the curate's house at 26 Vancouver Close, Durrington. The historical cost of this property was £220,200. In the opinion of the PCC its current market value is estimated to be in the region of £230,000.

13 Net assets by fund

	Unrestricted Funds	Unrestricted Funds	Restricted Fund/s	Restricted Fund/s	Endownment Funds	Endownment Funds	Total Funds 2020	Total Funds 2019	Notes
Fixed assets for church use Investment fixed assets Current assets (except cash) Cash at bank and on deposit Current liabilities Long term liabilities	£ 243,252 (3,394) 11,464 (1,600) (1,600)			£ - 77,468	744,502		£ 243,252 744,502 (3,394) 88,932 (1,600) (1,600)	£ 251,441 702,747 (410) 92,862 (2,980) (3,200)
	£248,122		£77,468		£744,502		£1,070,092	£1,040,459

14 Debtors

14 Debtors
	Unrestricted Funds		Restricted Fund/s		Total Funds 2020	Total Funds 2019	Notes
Income tax recoverable Prepayments and accrued income Other debtors	£ - (3,394)			£	£ (3,394) -	£ (410) -
	£(3,394)			-	£(3,394)	£(410)

15 Creditors: amounts falling due within one year

	Unrestricted Funds	Unrestricted Funds	Restricted Fund/s	Restricted Fund/s	Total Funds 2020	Total Funds 2019	Notes
Deferred income Accruals for utilities and other costs Archdeacon's loan Other creditors		£ 1,600 -		£ - -	£ - - 1,600 -	£ - - 1,600 1,380
	£1,600			-	£1,600	£2,980

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A N N U A L F I N A N C I A L R E P O R T

St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

16 Creditors: amounts falling due after one year

	Unrestricted Funds	Unrestricted Funds	Restricted Fund/s	Restricted Fund/s	Total Funds 2020	Total Funds 2019	Notes
Deferred income Accruals for utilities and other costs Archdeacon's loan Other creditors		£ 1,600		£ - - -	£ - - 1,600 -	£ - - 3,200 -
	£1,600			-	£1,600	£3,200

17 Comparatives for the statement of financial activities

	Unrestricted Fund	Restricted Fund/s	Restricted Fund/s	Endowed Fund/s	Endowed Fund/s	Total Funds 2019
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other receipts	£ 42,683 2,288 44,558 3 275		£ 9,394 1,713 147 22,467 6,066		£ - - - - -	£ 52,077 4,001 44,706 22,470 6,342
Total income	89,808		39,788		-	129,595
Expenditure on: Raising funds Charitable activities Other trading activities Other expenditure	73 76,641 17,300 -		- 17,565 2,559 -		- - - -	- 73 94,207 19,859 -
Total expenditure	94,014		20,124		-	114,139
Net gains (or losses) on investments	-		-	100,503		100,503
Net income or (net expenditure)	(4,207)		19,663	100,503		115,960
Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Other gains/(losses) Reconciliation of funds:	31,462	(31,462)		-		-
	27,255 - -	(11,799) - -		100,503 - -		115,960 - -
Net movement in funds	27,255	(11,799)		100,503		115,960
Total funds brought forward	228,099	47,160		649,240		924,499
Total funds carried forward	255,354	35,361		749,743		1,040,459

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St Symphorian’s Church, Durrington registered charity number 1134809 Notes to the Financial Report

18 Statement of funds

Explanation of funds

Endowed funds are required by the donors to be invested and the income spent on specific objectives

The Grantly bequest is a permanent endowment, invested in CBF Investment Fund shares, which requires the income to be spent on the churchyard and maintenance of the Grantly tomb.

Restricted funds are not invested permanently but are to be spent within reasonable timescales

The Parish Centre is restricted to maintenance of the Parish Centre building.

The Mission Fund holds funds raised for charities.

Unrestricted funds are not subject to any donor restrictions and can be spent as the PCC decides

The unrestricted fund includes a designated sum of £10,922 set aside for musicians, Vancouver Close repairs, Vicarage repairs, Parish Centre repairs and the Münchberg Link.

Summary of all funds

Fund income and expenditure and final balances are as follows:

	Balances b/fwd 1 Jan 2020	Income	Expenditure	Endowed	Transfers, other gains and losses	Balances c/fwd 31 Dec 2020
Sharp bequest	£ 749,743	£	£		£ 41,755	£ 791,498
Total of all endowed funds	749,743	-	-		41,755	791,498
Collections and Appeals Sharp Income Grant Archdeacon' Loan	8,531 25,680 1,150 -	33,640 - 6,019	37,472 5,216 1,660		(200) -
						4,498
						20,465
						5,510
						-
Total of all restricted funds	35,361	39,659	44,348		(200)
						30,472
General fund Designated fund	238,150 17,204 -	54,647 10,725	55,820 16,985		200 -
						237,177
						10,944
						-
Total of all unrestricted funds	255,354	65,372	72,805		200
						248,121
Total funds	£1,040,459	£105,031	£117,153		£41,755	£1,070,092

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Independent Examiner’s Report

to the PCC of St Symphorian’s Church, Durrington for the Year Ended 31st December, 2020

This is my report to the Parochial Church Council of the Ecclesiastical Parish (PCC) of St Symphorian’s, Durrington in the Diocese of Chichester, on the annual report for the year ended 31[st] December 2020 set out on pages

Respective responsibilities of trustees and examiner The PCC members are responsible for the preparation of the annual reports. The PCC members consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

1. examine the accounts under section 145 of the Charities Act,

2. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

Basis of independent examiner’s statement

1. to state whether particular matters have come to my attention.

2. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’

3. Independent view and the report is limited to those matters set out in the statement below.

4. examiner's statement

In connection with my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in, any material respect, the requirements:

   • a. to keep accounting records in accordance with section 130 of the Charities Act; and

2. b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

3. have not been met; or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

5. Please delete the words in the (brackets) if they do not apply

Examiner’s signature

ANDREW CARTER

Examiner’s name CAPITALS

3[rd] March 2021

Date Relevant professional Business Financial Manager qualification(s) or body if any KC Controls LTD, 15-17 Bell Centre, Newton Road, Crawley West Sussex Examiner’s address

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